Exemption under section 35AC: specified ambulance and medicines project renewed as eligible for a further period. The Central Government, acting under sub section (1) read with clause (b) of the Explanation to section 35AC, specifies the ambulance and medicines project for B.M.B. Sarvajanik Hospital by Shree Veda-Govindpura Sarvajanik Davakhanu as an eligible project for income tax exemption for a further period without change in the approved cost, following a recommendation by the National Committee under rule 11M that the project is being properly executed.